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In the late 90s, the landscape of corporate governance was still evolving. There were fewer regulations in place, and the focus on shareholder value wasn't always as balanced with the interests of other stakeholders. Things like independent oversight, risk management, and the protection of minority shareholders were often less emphasized than they are today. The Izingales case, therefore, provides a valuable snapshot of the challenges and shortcomings that existed back then. The legal and regulatory frameworks were often less robust, which meant companies had more leeway in how they operated. The concept of corporate social responsibility (CSR) was also still in its infancy, so the focus was often primarily on profits rather than on a broader sense of ethical behavior. Moreover, the internet was just starting to boom, and the speed of information and communication was nothing like it is now. This meant that the ability to monitor and react to corporate misconduct was much slower. These aspects set the stage for many governance failures, and the Izingales case is one example.
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* **Wat gebeurt er als ik mijn MBV niet naleef?** Failure to comply with the requirements of an MBV can lead to warnings, fines, legal action, and even the closure of the business.
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